LendingTree price target raised to $85 from $70 at Oppenheimer

Oppenheimer raised the firm’s price target on LendingTree (TREE) to $85 from $70 and keeps an Outperform rating on the shares. The firm notes the company posted a Q3 13% EBITDA beat, and Oppenheimer sees stabilizing trends across all three segments creating a more predictable earnings profile and better capital structure, with profitability potentially returning to pre-COVID levels over the Medium Term.